Armley Park Court Stanningley Road, Armley Leeds LS12 2AE

Armley Park Court
Stanningley Road, Armley
Leeds
LS12 2AE

Freehold Multi-Let Office Investment

  • Prominent roadside location fronting the A647 and opposite Central West Retail Park
  • Tenants include DISC and BARCA-Leeds
  • Recently refurbished flexible suites ranging from 51.19 sq m (551 sq ft) to 147.71 sq m (1,590 sq ft)
  • Approximate site area of 0.38 hectares (0.9 acres) with on-site car parking for some 68 cars
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    33
  • Auction
    11th February 2016
  • Rent
    £37,486 per Annum Exclusive
  • Status
    Sold
  • Price
    £460,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Buccleuch Property
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Multi-Let Office Investment

  • Prominent roadside location fronting the A647 and opposite Central West Retail Park
  • Tenants include DISC and BARCA-Leeds
  • Recently refurbished flexible suites ranging from 51.19 sq m (551 sq ft) to 147.71 sq m (1,590 sq ft)
  • Approximate site area of 0.38 hectares (0.9 acres) with on-site car parking for some 68 cars
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 33
  • Auction 11th February 2016
  • Rent
  • Status Sold
  • Price £460,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Buccleuch Property

Property Information

Location
Miles
2 miles north-west of Leeds town centre, 7 miles east of Bradford, 38 miles north-east of Manchester
Roads
A647, A643, M6 (Junction 2)
Rail
Burley Park
Air
Leeds Bradford Airport
Situation

The property is located 2 miles north-west of Leeds city centre, occupying a prominent roadside location fronting the A647, the main arterial route into Leeds. Centre West Retail Park is directly opposite and houses occupiers including Tesco, Wilkinsons and Barnardo’s.

Tenure

Freehold.

Location
Miles
2 miles north-west of Leeds town centre, 7 miles east of Bradford, 38 miles north-east of Manchester
Roads
A647, A643, M6 (Junction 2)
Rail
Burley Park
Air
Leeds Bradford Airport
Situation

The property is located 2 miles north-west of Leeds city centre, occupying a prominent roadside location fronting the A647, the main arterial route into Leeds. Centre West Retail Park is directly opposite and houses occupiers including Tesco, Wilkinsons and Barnardo’s.

Tenure

Freehold.

Description

The property comprises a Grade II listed former school recently refurbished into 22 office suites arranged over ground and first floor. The suites range from 51.19 sq m (551 sq ft) to 147.71 sq m (1,590 sq ft). The property has an approximate site area of 0.38 hectares (0.9 acres) and benefits from on-site car parking for some 68 cars.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a Grade II listed former school recently refurbished into 22 office suites arranged over ground and first floor. The suites range from 51.19 sq m (551 sq ft) to 147.71 sq m (1,590 sq ft). The property has an approximate site area of 0.38 hectares (0.9 acres) and benefits from on-site car parking for some 68 cars.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Suite Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground 2,3 & 8 Office
255.75 sq m
(2,753 sq ft)
BARCA LEEDS (1) 5 years from
15/05/2015
£10,256 14/05/2020 (2)
Ground 9 Office
61.50 sq m
(662 sq ft)
INDIVIDUAL
(t/a First Choice
Couriers)
5 years from
01/12/2008
£4,000 30/11/2013 (3)
Ground
First
1,6,10,11 & 12
19,20 & 22
Office
Office
416.38 sq m
163.04 sq m
(4,482 sq ft)
(1,755 sq ft)
VACANT
POSSESSION (4)
     
First 14 Office
61.69 sq m
(667 sq ft)
INDIVIDUAL
(t/a Morthern
Accounting Services)
3 years from
01/04/2009
£3,000 31/03/2012 (3)
First 4,5,6,7,13,15,16,
17, 18a & 18b
Office
651.52 sq m
(7,013 sq ft)
DISC (5) 8 years from
21/05/2015 (6)
£14,980 20/05/2023
First 21 Office
50.16 sq m
(540 sq ft)
INDIVIDUALS 18 months from
01/07/2003
£2,800 30/04/2006 (3)
    Storage
50.82 sq m
(547 sq ft)
INDIVIDUAL N/A N/A N/A
    Advertising
Board
Not Measured
J C DECAUX
LIMITED
10 years from
20/08/2008
£1,700 19/08/2018
    Storage
Not Measured
V J STORAGE LTD 3 years from
01/04/2009
£750 31/03/2012 (3)
Totals    
1,710.86 sq m
(18,419 sq ft)
    £37,486

(1) Barca-Leeds is a multi-purpose charity providing specialist services to help people overcome a broad range of issues. (Source: barca-leeds.org.uk 07/01/2016)
(2) The lease provides a rolling annual tenant break option on the anniversary of the term. Each time a break option is not exercised, the tenant will benefit from a rent free period of one month.
(3) The tenant is holding over.
(4) Suite 12 (approx 649 sq ft) is currently under offer to DISC, co-terminus with their current lease at a rent of £2,596 p.a. with 12 months rent free.
(5) DISC —Developing Initiative for Support in the Community is a registered UK charity (No 515755). (Source: disc-vol.org.uk 07/01/2016)
(6) The lease provides an option to break on the fifth, sixth, and seventh anniversary of the term. If the break is not exercised on the fifth anniversary, the tenant will benefit from a 4 month rent free period.

Property Documents

  • Site Plan
    Updated Date
    14.11.19
    File Size
    365 KB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.19
    File Size
    921 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Womble Bond Dickinson LLP St Annes Wharf, 112 Quayside,
Newcastle-upon-Tyne
NE1 3DX
Nicola Guss 01912799000nicola.guss@bonddickinson.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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